TA 2022-07-27: TRX/USDT

Technical Analysis By: Yaser Rahmati

1. Date: 2022 27 July
2. Pair: TRX/USDT
3. Position: Short
4. Entry: 0.06595
5. SL: watch OB @ 0.06762, maybe retest up to this level
6. TP1: 0.06511
7. TP2: 0.06437
8. TP3: 0.06383
9. Market: Future

Note

Fed Raises Rates by 75 Basis Points to Clamp Down on Inflation

Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation -- but risking a sharp blow to the economy.

Policy makers, facing the hottest cost pressures in 40 years, lifted the target for the federal funds rate on Wednesday to a range of 2.25% to 2.5%. That takes the cumulative June-July increase to 150 basis points -- the steepest since the price-fighting era of Paul Volcker in the early 1980s.

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